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Friday, August 16, 2013

16-1 for August, grade B+

Sixteen
winners, one loser for the August option cycle. The one loser was
part of a backratio, so really 15-0. SPY was down about 2% for the
option month, and my trading account was near flat. Winners included
short strangles on APC and LGF. All were small fish or worm size
winners. My recent trades into GLD and GDX are working out.

I am
still staying away from bonds. All this talk of taper in a market
where the Fed openly intervenes is a bit much. Technical levels may
not matter. The stock market remains richly valued, but all the
recent chatter about an 1987 style crash makes me think that any down
turn will be contained at a 10% downside.

There
is the romantic notion that I could have timed the highs and lows
much better, but if I could do that, I wouldn't be using cautious
hedging strategies. I'd go all in every time and own the world in a
few years.

About Me

I now have two blogs, a piano blog
(link1)
and a stock market blog (link2).

Piano intro: I am a whistle and Irish flute player that started playing piano keyboard in March 2012. Mostly I compose and play my original tunes on my Casio PX-150 digital piano, which I bought in January 2013. I started in 2012 with a Yamaha NP11 keyboard.

Intro for trading blog: I am an individual investor posting a public trading diary. I am not here to give advice. I post my trades and thoughts for public consideration. Mostly it helps to keep myself straight. As of 2012, my favored trades are selling naked puts and strangles.